ZTS has been the subject of several other research reports. Deutsche Bank AG reissued a buy rating and issued a $65.00 price objective (up previously from $62.00) on shares of Zoetis in a research report on Monday, July 17th. Zacks Investment Research raised shares of Zoetis from a hold rating to a buy rating and set a $67.00 price objective for the company in a research report on Wednesday, May 10th. Argus reissued a buy rating and issued a $69.00 price objective (up previously from $60.00) on shares of Zoetis in a research report on Tuesday, May 30th. Stifel Nicolaus reissued a buy rating and issued a $65.00 price objective on shares of Zoetis in a research report on Friday, September 1st. Finally, Hilliard Lyons initiated coverage on shares of Zoetis in a research report on Tuesday, June 20th. They issued a buy rating and a $77.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Zoetis presently has a consensus rating of Buy and a consensus price target of $65.44.
Zoetis (ZTS) opened at 64.70 on Wednesday. The firm has a 50-day moving average of $61.87 and a 200 day moving average of $58.97. Zoetis has a 12 month low of $46.86 and a 12 month high of $65.12. The stock has a market cap of $31.65 billion, a PE ratio of 36.57 and a beta of 1.02.
Zoetis (NYSE:ZTS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. Zoetis had a net margin of 17.50% and a return on equity of 62.49%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Zoetis will post $2.34 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Zoetis by 3.9% during the 2nd quarter. BlackRock Inc. now owns 37,495,299 shares of the company’s stock valued at $2,338,957,000 after acquiring an additional 1,412,829 shares during the last quarter. Vanguard Group Inc. boosted its stake in Zoetis by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 33,654,686 shares of the company’s stock valued at $2,099,379,000 after acquiring an additional 910,265 shares during the last quarter. State Street Corp boosted its stake in Zoetis by 4.9% during the 1st quarter. State Street Corp now owns 21,256,557 shares of the company’s stock valued at $1,134,453,000 after acquiring an additional 986,680 shares during the last quarter. Morgan Stanley boosted its stake in Zoetis by 182.5% during the 1st quarter. Morgan Stanley now owns 14,617,205 shares of the company’s stock valued at $780,119,000 after acquiring an additional 9,442,207 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Zoetis by 55.4% during the 2nd quarter. Alliancebernstein L.P. now owns 10,370,388 shares of the company’s stock valued at $646,905,000 after acquiring an additional 3,695,449 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company has a business, commercializing products across eight core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals), and within five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.
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